Pages

Counter

Follow by Email

Sponsored Links

China said it plans to raise its defense budget by 11.2 percent to 670 billion yuan (106.4 billion U.S. dollars) in 2012.

This year's draft defense budget is 67.6 billion yuan more than the
defense expenditure of 2011, said Li Zhaoxing, spokesman for the annual
session of China's national legislature.

"The Chinese government follows the principle of coordinating defense
development with economic development. It sets the country's defense
spending according to the requirements of national defense and the level
of economic development," Li Said

The former foreign minister said the growth of China's defense expenditure is "reasonable and appropriate."

"The Chinese government has maintained reasonable and appropriate
growth in defense spending on the strength of rapid economic and social
development and the steady increase of fiscal revenues," he said.

During the last three years since the outbreak of the international
financial crisis, China's gross domestic product (GDP) and national
fiscal expenditure showed year-on-year growth of 14.5 percent and 20.3
percent, respectively, but the country's defense expenditure only grew
by 13 percent, according to Li.

CoNTact Us

GLOBE

ABout ASIAN DEFENCE NEWS

This Portal is all about the defence news of asia,defense news of india,defence news of pakistan,defense news of china,defence news of iran,and all superpowers in the world.The Asian Defence News is Dedicated To indian defence news,chinese defence news,pakistani defence news,iran defense news,USA Defence News,Russian Defense News and much more.Thank you For Your valuable Time,time and time.